GLOTEC-WA

0.065

-0.01 (-13.3%)

Listing Information & Profile

Profile for Securities of PLC

GLOBALTEC FORMATION BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
Issuance of 67,271,723 free warrants in Globaltec Formation Berhad ("Globaltec") ("Warrants") on the basis of 1 Warrant for every 4 Consolidated Shares (as defined herein) held on 5.00 p.m., Friday, 14 December 2018 after the consolidation of every 20 ordinary shares in Globaltec ("Globaltec Shares") into 1 ordinary share in Globaltec ("Consolidated Share")
Listing Date 26 Dec 2018
Issue Date 20 Dec 2018
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 67,271,723
Maturity Mandatory
Maturity Date 17 Dec 2021
Revised Maturity Date
Name of Guarantor Not Applicable
Name of Trustee Not Applicable
Coupon/Profit/Interest/Payment Rate Not Applicable
Coupon/Profit/Interest/Payment Frequency Not Applicable
Redemption Not Applicable
Exercise/Conversion Period 3.00   Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.7200
Revised Exercise/Strike/Conversion Price Not Applicable
Exercise/Conversion Ratio 1:1
Revised Exercise/Conversion Ratio Not Applicable
Mode of satisfaction of Exercise/ Conversion price Cash
Settlement Type/ Convertible into Physical (Shares)



Remarks :
Each Warrant entitles the Warrant holder to subscribe for 1 new Globaltec Share at any time during the exercise period as indicated above ("Exercise Period") at the exercise price of RM0.72, subject to adjustments in accordance with the provisions of the deed poll dated 30 November 2018. Any Warrants which are not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose.

This announcement is dated 24 December 2018.


Announcement Info

Company Name GLOBALTEC FORMATION BERHAD
Stock Name GLOTEC-WA
Date Announced 24 Dec 2018
Category Listing Information and Profile
Reference Number LIP-21122018-00001